Shoppers beware: Prices of more essential goods are expected to rise soon.
As we recently noted, the cost of some products and services already has gone sky-high. In addition, some corporations recently have announced upcoming price hikes on household staples.
Following are household products that are about to get more expensive.
Your fix of “the real thing” is about to get more costly. For the first time since 2018, the Coca-Cola Co. is raising prices on some of its products.
Higher commodity costs are forcing Coca-Cola to make the move, which CEO James Quincey characterized simply as “some price increases” during an April 19 appearance on CNBC. He did not provide additional details.
Coca-Cola products include everything from sodas like Coke and Sprite to Dasani drinking water and Minute Maid juices.
CNBC notes that before the coronavirus pandemic, Coca-Cola and PepsiCo Inc. had rolled out smaller cans and bottles that often resulted in a higher price per ounce for drinkers of the products.
PepsiCo recently announced it expects a switch back to the smaller packaging for snacks and drinks after the pandemic, and Quincey said Coca-Cola is “thinking through the way we use package sizes.”
The pandemic revealed toilet paper to be perhaps the world’s most “essential” product. (Who knew?)
Early last year, customers flocked to stores and emptied shelves, causing a TP shortage that lasted months. The run on toilet paper eventually subsided, but rising prices continue.
Kimberly-Clark Corp. recently announced price hikes across a majority of its consumer products, including Scott bathroom tissues. Watch for the price hikes in late June.
Even the youngest of us cannot escape the coming rise in prices! Kimberly-Clark says its lines of baby and child care products — which includes Huggies, Pull-Ups, GoodNites, DryNites and Little Swimmers — also will be among the products getting more expensive in June.
Ditto for Procter & Gamble, which recently said it will hike prices on its baby care products, which include diaper brands All Good, Luvs and Pampers. P&G’s price hikes will take effect in mid-September.
Unfortunately, many of the items subject to rising costs are products that millions of people cannot afford to live without. Both Kimberly-Clark and Procter & Gamble also plan to hike prices on the incontinence products they sell, for example.
For Kimberly-Clark, that means the Depend, Poise and Plenitud brands. At P&G, it’s the Always Discreet brand.
Again, the price increases on Kimberly-Clark products take effect in late June and those on P&G products in mid-September.
Feminine care products
A price hike is also coming to another staple on which millions depend: feminine care products — or, at least those from Procter & Gamble brands.
P&G owns Always, Just, Tampax and This Is L.
These days, you are likely to leave the grocery store with your wallet even lighter than in the past. As we recently reported, prices of fruits and vegetables, meats, poultry, fish and eggs have climbed.
General Mills’ chief financial officer, Kofi Bruce, also said in March that his company is moving to raise prices now and continuing into the coming months.
Bruce did not give further details, but General Mills products include items such as cereals (Cheerios), yogurt (Yoplait), flour (Gold Medal) and granola bars (Nature Valley).
Alas, even Fido and Fifi are not immune to the ravages of inflation.
Pet-snacks maker J.M. Smucker Co. plans to hike prices on its products, according to a Wall Street Journal report. The company already hiked prices on some of “people products” last year — namely Jif peanut butter — but now things are really going to the dogs!
J.M. Smucker Co. is behind 11 brands of pet food and treats, including Meow Mix, Milk-Bone and Rachael Ray Nutrish.
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